C. ENVIRONMENTAL ISSUES

D. TAX / LEGAL

Any and all ongoing / pending actions or eventsHow the property has been taxed in the pastReferendums / actions to raise taxesIs owner / seller an individual, partnership, trust, corporation, limited liability company, etc.Does seller have authority to convey property and titleActions or events involving current / past ownersSettled legal actions or tax events

Christiansen (1996) suggest the following to be included in any feasibility study: – Site description – Market research – Financial Feasibility Analysis – Planning Layouts – Risk Assessment

Understand that development of raw land into lots suitable for construction is a complex process. Therefore a proper due diligence requires detailed input from experts. “Forecasting is an imprecise art at best and projected cash flows if not carefully prepared can result in totally misleading forecast.” (Sorensen, 1990)